President Recep Tayyip Erdoğan received Samsung CEO Roh Tae-moon and his delegation in Seoul, South Korea.
President Recep Tayyip Erdoğan met executives from leading South Korean companies in Seoul on Nov. 4, a day after talks with President Lee Jae Myung on expanding trade and technology cooperation.
Those attending included Hyundai Motor Group Executive Chair Euisun Chung, LG Electronics CEO Lyu Jae-cheol, Samsung Electronics co-CEO TM Roh and Ahn Jae-hyun, CEO of SK Chemicals and president of SK Plasma, Anadolu Agency reported. A delegation from biopharmaceutical company Celltrion also attended.
Energy and Natural Resources Minister Alparslan Bayraktar and Industry and Technology Minister Mehmet Fatih Kacır joined the meeting.
At their Nov. 3 summit, Erdoğan and Lee discussed steps toward their previously agreed $15 billion bilateral trade target. Trade between the two countries exceeded $11 billion in 2025, Erdoğan said.
Erdoğan said more than 400 South Korean companies were operating in Türkiye and identified battery production, artificial intelligence and semiconductors as areas for closer cooperation. The two sides also discussed updating their free trade agreement.
Four memorandums of understanding were signed during the summit, covering science and technology, natural resources and mining, energy, and nuclear power project financing. The financing memorandum was signed by Türkiye Nuclear Energy Inc. and the Export-Import Bank of Korea.
Lee also said the governments would work to ensure progress on a plant in Türkiye to produce plasma-derived medicines in partnership with SK Plasma.
